LV= have launched a new policy that offers cover against accident, sickness and unemployment. The policy will offer level mortgage cover with a choice of index linked or level living expenses.
Aimed at employed and self employed alike, the policy offers guaranteed premiums for the life of the plan.
Cover for a 30 year old male, with level mortgage payment protection cover of £500 per month and index linked living expenses of £300 per month would expect a premium of around £35 per month.
As with all insurance policies there are many variables when quoting premiums.
1 comment so far
1 UK Mortgage Protection Insurance // Jun 17, 2008 at 11:59 am
Most mortgage payment protection insurance policies are strict on protection insurance claims. For instance, should the mortgage holder become unemployed through their own free will, then they would not be covered by the mortgage payment protection insurance policy.